Cannabis agricultural know-how innovator Braingrid Limited (CSE:BGRD), beforehand listed as Match Capital Resources Corp. (TSXV:MHC), went reside on the Canadian Securities Exchange right now, closing the buying and selling day at $0.255 CAD per share. With 45,737,103 shares of BGRD excellent, that quantities to a valuation of roughly $11,662,961 CAD or roughly $8,552,158 USD at present alternate charges.
For those that usually are not conversant in Braingrid, it’s a Toronto, Ontario-based firm that gives reasonably priced, versatile, and quick-to-install sensor platforms that seize the vital real-time knowledge wanted for licensed hashish producers to extend revenues, scale back prices and scale back dangers.
Who Uses Braingrid?
Current customers of Braingrid know-how vary from publicly-traded Canadian licensed producers like Beleave Inc. (CSE:BE) (OTC:BLEVF) and WeedMD Inc. (TSXV:WMD) (OTC:WDDMF) all the method to the Resource Innovation Institute, a U.S.-based non-profit targeted on sustainable, conservation-driven cultivation strategies.
Roger Ferreira, Director and Chief Science Officer at Beleave Inc. commented:
“at Beleave, Braingrid is an integral part of our everyday operations. We rely on them to keep us alerted to any environmental changes or risks. Having Braingrid on-premise has made our jobs that much easier!”
Dr. Luc C Duchesne, Chief Science Officer at WeedMD commented:
“I sleep better at night knowing that Braingrid technology keeps a close eye on over $1M in crop”
If the purchasers don’t show it already, one take a look at the Braingrid C-suite exhibits that the firm is nicely positioned for achievement going ahead.
Who Runs Braingrid?
Before beginning the firm, Braingrid founder and CEO Michael Kadonoff gained years of expertise as a {hardware} designer and engineer for General Electric Company (NYSE:GE) in Canada.
Doug Harris, CPA, CBV, the CFO at Braingrid is a former Investment Banking Director at Jennings Capital Inc. which was acquired by Mackie Research Financial Corp. again in 2014.
Prior to becoming a member of Braingrid as COO, Matt Skynner spent 17 years working for semiconductor big Advanced Micro Devices, Inc. (NASDAQ:AMD) the place he labored his means as much as Corporate Vice President and General Manager of Products and General Manager of AMD Canada. Before that, Skynner started his profession in administration with a 3-year stint at multinational conglomerate Honeywell International Inc. (NYSE:HON).
The record may go on, as these are simply three of the many skilled people onboard the Braingrid team.
Conclusion
While solely 7,500 shares of BGRD modified palms on Brangrid’s first day of buying and selling, we’ll have an interest to see how the firm grows and develops now that it’s reside on the public markets.
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